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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: bighairymike ⎊  😊 😞
Number: of 84360 
Subject: Re: Trump's "fraud" in NY
Date: 03/13/24 3:51 PM
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Anyhow - as I understand it - and I could be way wrong is that Trump inflated asset values to make his balance sheet look better and thus secure more favorable loan and financing terms.

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Not really. Have you ever financed a home purchase without them requiring an appraisal as part of the application review process?

The bank doesn't care what you say your dream house is worth, the bank wants an independent assessment of the value of that home in that market that their underwriters can compare to loan amount requested. They do this to assure themselves that the asset is worth more than the requested loan amount by a margin sufficient to account for the making the loan.

Same with Trumps commercial loans, just with bigger numbers. That the NY case cannot find an injured party should tell you this is kangaroo justice.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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